On August 18, China CSSC Holdings (600150.SH) announced that its shares will resume trading on August 19, following the completion of its landmark merger with China Shipbuilding Industry Company (CSIC, 601989.SH).

The merger process included a period for dissenting shareholders to exercise their rights (August 13–15). According to the official announcement, only 10,500 shares were submitted during this window, but none were deemed valid. This outcome reflects broad market acceptance of the merger plan. In parallel, CSIC has applied for voluntary delisting, with the Shanghai Stock Exchange formally accepting its request on August 18.

With this, the long-awaited merger of China’s two major shipbuilding platforms has been fully completed, consolidating the country’s shipbuilding resources under one listed entity and creating the world’s largest shipbuilding group.

Key figures at a glance:
Total assets: over RMB 400 billion
Annual revenue: over RMB 130 billion
Orderbook: more than 530 vessels (≈17% global market share)

Businesses spanning naval defense, commercial shipbuilding, green and alternative-fuel vessels, and offshore engineering
This merger is not just about scale. It addresses long-standing internal competition, enhances resource allocation efficiency, and positions the new entity to take a stronger lead in high-value and green shipbuilding, such as LNG carriers and ammonia-fueled vessels. Strategically, it also reinforces China’s ambition to move from a “shipbuilding nation” to a true “shipbuilding powerhouse.”

As global competition intensifies—with Korean and Japanese yards pushing hard into high-tech and alternative-fuel segments—this consolidation signals China’s determination to elevate its influence and competitiveness on the international stage.

by Xinde Marine News Chen Yang